1, GIBBS COTTAGES, NETTLESTONE HILL, SEAVIEW, PO34 5DE - £450,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 GIBBS COTTAGES is a large extended detached house of 138m², built sometime between 2003 and 2006. It was last sold for £450,000 in November 2021, which was around 13% above the average November 2021 detached price in the Isle of Wight local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was B.

1 GIBBS COTTAGES Sold Prices

Land registry data shows three sales for 1 GIBBS COTTAGES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Isle of Wight local authority area for the corresponding sale date. Two of the three 1 GIBBS COTTAGES sales were for above the average price, whilst one was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 5 NOV	£450,000	£398,511	13% above HPI
2015 16 OCT	£340,000	£286,326	19% above HPI
2005 11 NOV	£235,000	£241,956	3% below HPI

1 GIBBS COTTAGES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The three 1 GIBBS COTTAGES sales between November 2005 and November 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 2015 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the November 2021 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 1 GIBBS COTTAGES?

1 GIBBS COTTAGES is 138m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the largest 30% of detached houses in Nettlestone, based on EPC data. The below chart shows the distribution of detached houses by size in Nettlestone, and where 1 GIBBS COTTAGES lies on this distribution: 78% of detached houses are smaller than 1 GIBBS COTTAGES, and 21% of houses are larger. Note that EPC data is not available for all properties in Nettlestone.

1 GIBBS COTTAGES: Plot and Title Map

1 GIBBS COTTAGES sits on a plot of roughly 0.154 of an acre, or 624m². The below map shows the location of 1 GIBBS COTTAGES, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 GIBBS COTTAGES). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 GIBBS COTTAGES?

1 GIBBS COTTAGES is located on NETTLESTONE HILL in SEAVIEW, in the PO34 postcode district. The below map shows the position of 1 GIBBS COTTAGES on NETTLESTONE HILL.